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National Insurance Company collected a premium of $15,000 for a 1-year insurance policy on May 1. What amount should National Insurance Company report as a

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National Insurance Company collected a premium of $15,000 for a 1-year insurance policy on May 1. What amount should National Insurance Company report as a current liability for Unearned Insurance Revenue at December 31? Select one: a. $5,000. O b. $0. O c. $15,000. O d. $10,000

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